MARKET UPDATE: Sensex declined over 300 points to trade around 60,358 levels while Nifty50 nosedived over 50 points to trade below 17,750 levels
Published On: Wednesday, February 22, 2023 | By: Team KnowMyStock
Opening Bell: Weak global mood propelled Indian markets to start lower in today's( 22 February 2023) trade. While the benchmark index Nifty50 nosedived over 50 points to trade below 17,750 levels, the S&P BSE Sensex declined over 300 points to trade around 60,358 levels. Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices slumped up to 0.3 percent. The volatility index, India VIX, meanwhile, climbed over 3 percent.
Sectorally barring Nifty Pharma index, which held marginal gains in a weak market, all other sectors plunged in the sea of red. Nifty IT index was the worst hit as it declined up to 0.9 per cent.
Among individual stocks, shares of Mirza International surged over 4 per cent after NCLT approved to merge RTS Fashions with the company.
Besides, shares of ITI soared over 6 per cent after Rajesh Rai was appointed as the Chairman and Managing Director of the company.
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